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September 5, 2008 
The Put  & Call Tactician

The Put & Call Tactician

Market Comment: Our indicators are giving bearish to neutral readings. The DOW and S&P 500 Index are below their previous lows and look like they will move lower. Try to buy puts on any rally.

 

Date: 7-10-08

Next Report: 7-17-08

Buy STARBUCKS(SBUX) Oct 14 Put options at 1.15 or lower (Stock Price = 14.4). After entry, take profits if the stock price hits 12.7 (option price = 2.0). Exit if the stock price closes above 15.3 (option price = 0.8).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 54%

Implied Volatility 53.8%: Delta .406: Rating 75: Expected Value ($2.4)

----------

Buy LAM RESEARCH(LRCX) Sep 30 Put options at 1.4 or lower (Stock Price = 34.1). After entry, take profits if the stock price hits 30.0 (option price = 2.8). Exit if the stock price closes above 36.1 (option price = 1.0).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 56%

Implied Volatility 53.8%: Delta .255: Rating 104: Expected Value $11.2

----------

Hold these positions a maximum of 3 weeks

 


Below you can get Streaming Stock Quotes.

Institute for Options Research, Inc.
Web Calculator

Days 'til expiration:
Stock Price:
Strike Price:
Volatility: (in %)
Interest Rate: (in %)

Theoretical Price:



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To use our Option Calculator, make sure  to enter the volatility under the heading VL TY in the Option Stock Surveillance.

 

Option Xtreme Report

Click Above! Updated Daily

 

 

Our 2000 Track Record!

The results from all the Profit Box positions recommended in The Put & Call Tactician for the year 2000 are listed below . This track record is theoretical and assumes that you were able to take profits at the profit goal or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss price. or were able to get the corresponding option pirce in the Option Box at the end of the 3-week hold period. There were three exceptions where the stock price gapped up or down.

As with any track record, you cannot assume that present or future recommendations will equal past performance. Commissions are not included in these track rccord results.

A summary of the results shows that we recommended 188 positions. 49% were profitable. If you would have purchased one of each of the options, you would have invested $43,700 . Your profit before commissions would have been $13,700 or a 31% return for holding the position a maximum of three weeks. Here the annualized return would be over a 600% return. -----Ken Trester

Our 2001 Track Record!

The results from all the Profit Box positions recommended in The Put & Call Tactician for the year 2001 are listed below . This track record is theoretical and assumes that you were able to take profits at the profit goal or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period.

As with any track record, you cannot assume that present or future recommendations will equal past performance. Commissions are not included in these track rccord results.

A summary of the results shows that we recommended 169 positions. 44% were profitable. If you would have purchased one of each of the options, you would have invested $32,480 . Your profit before commissions would have been $5,700 or a 17.5% return for holding the position a maximum of three weeks. Here the annualized return would be a 251% return. Over 10 option positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on half of your position even if it does not hit the profit goal.-----Ken Trester

Our 2002 Track Record!

 

The results from all the Profit Box positions recommended in The Put & Call Tactician for the year 2002 are listed below . This track record is theoretical and assumes that you were able to take profits at the profit goal option price or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss stock price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period. These option prices were determine by their implied volatility at the start of the strategy.


. Commissions are not included in these track record results. There is high risk in option trading. You can lose your whole investment. Our past results are theoretical no actual positions are taken. No representation is being made that any account will or is likely to achieve a profit. In fact, there are sharp differences between hypothetical performance and actual results. We advise all investors that it should not be assumed that present or future recommendations will be profitable or equal past performance.

A summary of the results shows that we recommended 149 positions. 47% were profitable(the stock hit profit goal or was positive after the hold period). If you would have purchased one of each of the options, you would have invested $22,756 . Your profit before commissions would have been $2,935 or a 12.8% return for holding the position a maximum of three weeks. Here the annualized return would be a 221% return. As in previous years several positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on half of your position even if it does not hit the profit goal. Several stocks gapped into the money showing much bigger gains than those reflected in the track record and several stocks moved much further beyond the profit goal. That is why it is important to let half of your position ride when you take profits with a trailing stop, even beyond the 3-week time period. .-----Ken Trester

Our 2003 Track Record!


The results from all the Profit Box short term positions and Long Term option positions recommended in The Put & Call Tactician for the year 2003 are listed below . This track record is theoretical and assumes that you were able to take profits at the profit goal option price or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss stock price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period or parameters of the long term option plays. These option prices were determine by their implied volatility at the start of the strategy.

. Commissions are not included in these track record results. There is high risk in option trading. You can lose your whole investment. Our past results are theoretical no actual positions are taken. No representation is being made that any account will or is likely to achieve a profit. In fact, there are sharp differences between hypothetical performance and actual results. We advise all investors that it should not be assumed that present or future recommendations will be profitable or equal past performance.


Long Term Options


A summary of the results for the long term options shows that we recommended 47 positions(13 are still active and not included in the record but did show an overall profit at the end of the year). 62.8% were profitable(the stock hit the profit goal ). If you would have purchased one of each of the options, you would have invested $7245. Your profit before commissions would have been $5025 or a 69.9% return . This is not an annualized return. That return would be much higher. Also much bigger profits would have been made if you held part of your position after the profit goal was hit.


Short Term Options


A summary of the results for our short term option plays shows that we recommended 113 positions. 52.2% were profitable(the stock hit profit goal or was positive after the hold period). If you would have purchased one of each of the options, you would have invested $14,370. Your profit before commissions would have been $3090 or a 21.5% return for holding the position a maximum of three weeks. Here the annualized return would be at least a 372% return. As in previous years several positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on half of your position even if it does not hit the profit goal. Several stocks went much further beyond the profit goal. That is why it is important to let half of your position ride when you take profits with a trailing stop, even beyond the 3-week time period.
This year we introduced long term options and they generated much better returns than the short term positions. Such long term options have the big advantage of needing less trading and less attention.-----Ken Trester

Our 2004 Track Record!

The results from all the (Profit Box) short term positions and Long Term option positions recommended in The Put & Call Tactician for the year 2004 are listed below plus 2003 longer term options closed out in 2004 and not included in the 2003 track record.

This track record is theoretical and assumes that you were able to take profits at the profit goal option price (some options were priced after a gap up or down in the stock price and estimates were made when data was not available) or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss stock price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period or parameters of the long term option plays. These option prices were determine by their implied volatility at the start of the strategy.

Commissions are not included in these track record results. There is high risk in option trading. You can lose your whole investment. Our past results are theoretical no actual positions are taken. No representation is being made that any account will or is likely to achieve a profit. In fact, there are sharp differences between hypothetical performance and actual results. We advise all investors that it should not be assumed that present or future recommendations will be profitable or equal past performance.


Long Term Options


A summary of the results for the long term options shows that we recommended 44 positions(19 are still active and not included in the record, but 13 are included from 2003. 46% were profitable(the stock hit the profit goal or closed with a profit ). If you would have purchased one of each of the options, you would have invested $7594. Your
profit before commissions would have been $2235 or a 29.4% return . This is not an annualized return. That return would be much higher. Also bigger profits would have been likely if you held part of your position after the profit goal was hit with a trailing stop.


Short Term Options


A summary of the results for our short term option plays shows that we recommended 96 positions. 54% were profitable(the stock hit profit goal or was positive or even after the hold period). If you would have purchased one of each of the options, you would have invested $13,135. Your profit before commissions would have been $3663 or a 27.8% return for holding the position a maximum of three weeks. Here the annualized return would be at least a 467% return. As in previous years several positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on half of your position even if it does not hit the profit goal. Several stocks went much further beyond the profit goal. That is why it is important to let half of your position ride when you take profits with a trailing stop, even beyond the 3-week time period.
-Ken Trester

Our 2005 Track Record

This track record is theoretical and assumes that you were able to take profits at the profit goal option price (one option was priced after a gap up in the stock price and estimates were made when data was not available) or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss stock price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period or parameters of the long term option plays. These option prices were determine by their implied volatility at the start of the strategy.
Commissions are not included in these track record results. There is high risk in option trading. You can lose your whole investment. Our past results are theoretical no actual positions are taken. No representation is being made that any account will or is likely to achieve a profit. In fact, there are sharp differences between hypothetical performance and actual results. Some trading skill is needed to achieve good results. We advise all investors that it should not be assumed that present or future recommendations will be profitable or equal past performance.


A summary of the results for our plays shows that we recommended 119 positions including 8 longer term options. 55% were profitable(the stock hit profit goal or was positive or even after the hold period). If you would have purchased one of each of the options, you would have invested $15,031. Your profit before commissions would have been $4570 or a 30.4% return for holding the position a maximum of three weeks. Here the annualized return would been several hundred percent. As in previous years several positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on half of your position even if it does not hit the profit goal. Several stocks went much further beyond the profit goal. That is why it is important to let half of your position ride when you take profits with a trailing stop, even beyond the 3-week time period.
-Ken Trester

Our 2006 Track Record

This track record is theoretical and assumes that you were able to take profits at the profit goal option price (two options were priced after a gap up in the stock price and estimates were made when data was not available) or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss stock price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period. These option prices were determine by their implied volatility at the start of the strategy.
Commissions are not included in these track record results. There is high risk in option trading. You can lose your whole investment. Our past results are theoretical no actual positions are taken. No representation is being made that any account will or is likely to achieve a profit. In fact, there are sharp differences between hypothetical performance and actual results. Some trading skill is needed to achieve good results. We advise all investors that it should not be assumed that present or future recommendations will be profitable or equal past performance.


A summary of the results for our key profit box options plays shows that we recommended 105 positions . 33% hit their profit goal and 43.8% were profitable (the stock price hit profit goal or was positive after the hold period). If you would have purchased one of each of the options, you would have invested $12,530. Your profit before commissions would have been $2,605 or a 20.7% return for holding the position a maximum of three weeks. Here the annualized return would been several hundred percent. As in previous years several positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on part of your position even if it does not hit the profit goal. Several stocks went further beyond the profit goal. That is why it is important to let part of your position ride when you take profits with a trailing stop, even beyond the 3-week time period.
-Ken Trester

Our 2007 Track Record


This track record is theoretical and assumes that you were able to take profits at the profit goal option price (two options were priced after a gap up in the stock price and estimates were made when data was not available) or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss stock price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period. These option prices were determine by their implied volatility at the start of the strategy.

Commissions are not included in these track record results. There is high risk in option trading. You can lose your whole investment. Our past results are theoretical no actual positions are taken. No representation is being made that any account will or is likely to achieve a profit. In fact, there are sharp differences between hypothetical performance and actual results. Some trading skill is needed to achieve good results. We advise all investors that it should not be assumed that present or future recommendations will be profitable or equal past performance.


A summary of the results for our key options plays shows that we recommended 106 positions . 26.4 % hit their profit goal and 42.4% were profitable (the stock price hit profit goal or was positive or even after the hold period). If you would have purchased one of each of the options, you would have invested $12,844. Your profit before commissions would have been $2,071 or a 16.1 % return for holding the position a maximum of three weeks. Here the annualized return would been several hundred percent. As in previous years several positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on part of your position even if it does not hit the profit goal. Several stocks went further beyond the profit goal. That is why it is important to let part of your position ride when you take profits with a trailing stop, even beyond the 3-week time period.
-Ken Trester

 

Option Profit Boxesâ

Our Option Profit Boxes are option selections, identified and generated by the computer.  They provide a detailed 3 week game plan where you exit at least part of your position if the profit goal is reached.( You may want to let part of your position ride with a trailing stop.) Exit your whole position if the stock closes beyond the stop-loss point or after holding the position for three weeks.

To select the best Option Profit Box strategies that are listed, checkout the Rating and the Expected Value. The higher the Rating and Expected Value the better the play.

We advise all readers that  it should not be assumed that present or future recommendations will be profitable or equal the performance of previous recommendations.  Subscribers should recognize that risk is involved in any option or security investment and they should not assume that any formula, method, chrart, theory or philosophy will result in profitable results or equal past performances.   This publication should only be used by sophisticated investors who are fully aware of the risks of options trading.

Our Option Profit Boxes are created by our software- The Push-Button Option Trader,  which you can purchase for $195.

 

** OPENING ACTION **   (for: ENZO BIOCHEM (ENZ) Upside Strategy)
1. Buy ENZO BIOCHEM (ENZ)Oct 15-CALL Options at  0.65  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 1.3.

STOCK  (OPTION)                                Implied Volatility: 53.6%
PRICE   PRICE                                  Delta: .324
 14.2    1.3 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 13.8    1.1 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 13.5    0.9 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 13.1    0.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
 12.7    0.7 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
 12.3    0.5 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 11.9    0.4 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 30%       Expected Value: $3.0
          Prob of Downside Exit: 50%       Rating: 102


** OPENING ACTION **   (for: ASTRAZENECA (AZN) Upside Strategy)
1. Buy ASTRAZENECA (AZN)Oct 50-CALL Options at  1.5  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 3.0.

STOCK  (OPTION)                                Implied Volatility: 27.6%
PRICE   PRICE                                  Delta: .354
 50.3    3.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 49.4    2.6 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 48.6    2.2 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 47.7    1.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
 46.9    1.5 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
 46.1    1.2 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 45.2    1.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 18%       Expected Value: $6.0
          Prob of Downside Exit: 42%       Rating: 101


** OPENING ACTION **   (for: DILLARD DEPT STORES (DDS) Downside Strategy)
1. Buy DILLARD DEPT STORES (DDS)Nov 7.5-PUT Options at  0.8  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 1.2.

STOCK  (OPTION)                                Implied Volatility: 78%
PRICE   PRICE                                  Delta: .238
 10.2    0.6 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
  9.8    0.7 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
  9.4    0.8 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
  9.0    0.9 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
  8.6    1.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
  8.3    1.1 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
  7.9    1.2 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 59%       Expected Value: ($0.2)
          Prob of Downside Exit: 29%       Rating: 73


** OPENING ACTION **   (for: ROYAL CARB CRUISES (RCL) Downside Strategy)
1. Buy ROYAL CARB CRUISES (RCL)Sep 20-PUT Options at  2.1  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 3.8.

STOCK  (OPTION)                                Implied Volatility: 66%
PRICE   PRICE                                  Delta: .409
 22.1    1.5 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 21.3    1.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
 20.5    2.1 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
 19.7    2.5 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 18.9    2.9 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 18.0    3.3 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 17.2    3.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 54%       Expected Value: $3.3
          Prob of Downside Exit: 21%       Rating: 79


** OPENING ACTION **   (for: CITIGROUP (C) Downside Strategy)
1. Buy CITIGROUP (C)Sep 15-PUT Options at  1.25  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 2.4.

STOCK  (OPTION)                                Implied Volatility: 66.8%
PRICE   PRICE                                  Delta: .334
 17.6    0.9 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 17.0    1.1 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
 16.3    1.3 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
 15.6    1.5 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 15.0    1.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 14.3    2.1 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 13.7    2.4 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 52%       Expected Value: $2.3
          Prob of Downside Exit: 21%       Rating: 84


** OPENING ACTION **   (for: STARBUCKS(SBUX) Downside Strategy)
1. Buy STARBUCKS(SBUX)Oct 14-PUT Options at  1.15  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 2.0.

STOCK  (OPTION)                                Implied Volatility: 53.8%
PRICE   PRICE                                  Delta: .406
 15.3    0.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 14.8    1.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
 14.4    1.2 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
 14.0    1.3 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 13.5    1.5 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 13.1    1.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 12.7    2.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 54%       Expected Value: ($2.4)
          Prob of Downside Exit: 24%       Rating: 75


** OPENING ACTION **   (for: RAMBUS(RMBS) Downside Strategy)
1. Buy RAMBUS(RMBS)Nov 15-PUT Options at  2.4  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 3.4.

STOCK  (OPTION)                                Implied Volatility: 87.4%
PRICE   PRICE                                  Delta: .304
 18.5    2.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 17.8    2.2 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
 17.1    2.4 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
 16.4    2.6 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 15.7    2.9 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 15.0    3.1 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 14.4    3.4 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 62%       Expected Value: $9.2
          Prob of Downside Exit: 34%       Rating: 78


** OPENING ACTION **   (for: SUN COMPANY (SUN) Downside Strategy)
1. Buy SUN COMPANY (SUN)Nov 30-PUT Options at  2.3  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 3.9.

STOCK  (OPTION)                                Implied Volatility: 59.6%
PRICE   PRICE                                  Delta: .247
 38.5    1.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 37.3    2.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
 36.0    2.3 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
 34.7    2.6 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 33.5    3.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 32.2    3.4 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 31.0    3.9 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 52%       Expected Value: $14.0
          Prob of Downside Exit: 25%       Rating: 93


** OPENING ACTION **   (for: LAM RESEARCH(LRCX) Downside Strategy)
1. Buy LAM RESEARCH(LRCX)Sep 30-PUT Options at  1.4  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 2.8.

STOCK  (OPTION)                                Implied Volatility: 53.8%
PRICE   PRICE                                  Delta: .255
 36.1    1.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 35.1    1.2 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
 34.1    1.4 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
 33.1    1.7 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 32.1    2.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 31.0    2.4 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 30.0    2.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 56%       Expected Value: $11.2
          Prob of Downside Exit: 24%       Rating: 104


** OPENING ACTION **   (for: ENCANA (ECA) Downside Strategy)
1. Buy ENCANA (ECA)Oct 70-PUT Options at  2.3  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 4.7.

STOCK  (OPTION)                                Implied Volatility: 43.8%
PRICE   PRICE                                  Delta: .196
 87.4    1.6 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 85.1    1.9 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
 82.9    2.3 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
 80.7    2.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 78.4    3.3 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 76.2    4.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 73.9    4.7 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 53%       Expected Value: $13.3
          Prob of Downside Exit: 21%       Rating: 96


** CLOSING ACTION **
After you enter an Option Profit Box®, one of three possibilities can occur.
The daily plot of the underlying common stock can exit the Box at the TOP,
RIGHT SIDE, or BOTTOM. Your action and the end result of the trade is
detailed here:

  4. TOP EXIT (for Upside, or BOTTOM EXIT for Downside) - This is the intended
     closing action and will trigger the GTC order you placed in #2 above.
  5. RIGHT SIDE Exit - The time has expired in the trade. SELL the options.
     Be sure to cancel the GTC order entered in #2 above.
  6. BOTTOM EXIT (for Upside, or TOP EXIT for Downside) - This requires stop-
     loss action on your part. SELL the options at the market price the
     following trading day. Be sure to cancel the GTC order you entered
     in #2 above. 

OPTION STOCK SURVEILLANCE: 1
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                AEROSPACE/DEFENSE                                                   
   -3 C/C/D BA   BOEING                  66.0   -13     65     76  36   87 4/LABORING                    
    1 C/C/C GD   GENERAL DYNAM           81.7    -6            88  19   93 3/DRIFTING                    
    5 A/B/C LMT  LOCKHEED MARTIN        103.5    -1    100    105  15   99 4/TRENDING UP                 
    0 C/C/C NOC  NORTHROP                65.7   -10            71  20   92 3/DRIFTING                    
   -1 C/C/C UTX  UNITED TECHNOLOGIE      62.2   -10     62     68  28   92 4/IMPROVING                   

                                     AIRLINES                                                       
   -2 C/C/F AMR  AMERICAN AIRLINES        4.9   -11      5      7  99   74 4/WEAK BUT LVLING             
    3 C/C/F DAL  DELTA AIRLINES           5.2    -2      6      6  99   85 4/LABORING                    
   -4 D/D/F JBL  JET BLUE(JBLU)           3.4   -13      4      4  52   83 4/LABORING                    
    2 C/D/C LUV  S W AIRLINES            13.4    -7            14  31   99 3/DRIFTING                    
    3 C/C/C U    U S AIR                  3.4     0             4   5   97 3/DRIFTING                    

                                     ALUMINUM                                                       
   -1 C/C/B AA   ALCOA                   34.6   -13     33     38  42   90 4/LABORING                    

                       --           AUTOMOBILE                             
    1 C/F/B DBA  DB AGRICULTURE          39.7    -3     39     43  25  102 2/BACKNG AND FLLNG            
  -10 F/C/F F    FORD MOTOR               4.6   -27      5      6  64   73 4/WEAK BUT LVLING             
  -18 F/C/F GM   GENERAL MOTORS           9.7   -42            16  69   63 3/AMONG WEAKEST               

OPTION STOCK SURVEILLANCE: 2
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

-------------------------             BANKS                                
   -8 F/B/F BAC  BANKAMERICA             22.4   -25     23     30  52   75 4/WEAK BUT LVLING             
   -7 F/C/F C    CITIGROUP               16.3   -21            20  57   81 3/AMONG WEAKEST               
   -2 C/B/C JPM  MORGAN J P              34.5   -13     36     40  54   86 4/LABORING                    

           --------------           BEVERAGE                               
    4 A/D/A BUD  ANHEUSER BUSCH          61.2     1     58     63  23  105 2/STRNG BUT TOPNG             
   -1 C/C/C KO   COCA COLA               50.0   -10            55  18   91 3/DRIFTING                    
    3 C/C/C PEP  PEPSI                   65.6    -3     64     67  18   98 4/TRENDING UP                 

                                    BROKERAGE                              +++                      
    4 A/C/F BSC  BEAR STERNS              9.3     0     10     10  99   97 4/TRENDING UP                 
    4 A/C/B SCH  CHARLES SCHWAB          22.3     0            22  24  100 3/DRIFTING                    
  -14 F/B/F WB   WACHOVIA                13.1   -29     15     21  54   64 4/WEAK BUT LVLING             
  -11 F/C/F MER  MERRILL LYNCH           28.7   -25     32     39  61   73 4/WEAK BUT LVLING             

               ----------        BUILDING MATERIALS                        
   -1 C/C/C PPG  P P G INDUSTRIES        55.4   -11            61  28   91 3/DRIFTING                    

                       --      BROADCASTERS & MEDIA                        
   -5 F/C/C VIA  VIACOM                  28.4   -17     30     34  25   83 4/LABORING                    

OPTION STOCK SURVEILLANCE: 3
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                        -        CHEMICALS - GENERAL                       
    2 C/C/B APD  AIR PRODUCTS            97.1    -6           100  24   97 3/DRIFTING                    
    0 C/C/B TYC  TYCO INTL               39.6    -9            43  27   92 3/DRIFTING                    
   -6 F/C/C DOW  DOW CHEMICAL            32.5   -17            38  26   85 3/A PROBLEM STOCK             
   -2 C/C/C DD   DUPONT                  41.5   -13            46  26   90 3/DRIFTING                    
   -6 F/F/C GRA  GRACE                   22.7   -19            26  39   88 3/A PROBLEM STOCK             
   -1 C/C/C HPC  HERCULES                16.7   -13     17     19  35   89 4/LABORING                    

                     ----      CHEMICALS - FERTILIZER                      
   -1 C/C/B WMB  WILLIAMS CO             36.1    -7            38  24   95 3/DRIFTING                    

                                 COMMODITIES                               ++                       
    3 C/C/C HO   HEATING OIL              2.6     0             3   6   96 3/DRIFTING                    

                                 COMMODITIES I                             +++++++++                

                             COMPUTERS - LARGE                             ++++++++                 
    3 C/C/B ORC  ORACLE CORP(ORCL)       21.3    -6            22  25   97 3/DRIFTING                    
    0 C/C/C HON  HONEYWELL               51.3   -10     50     56  31   92 4/IMPROVING                   
    5 A/C/A IBM  I B M                  123.2    -3    120    124  19   99 4/TRENDING UP                 
    6 A/C/C NCR  N C R                   26.4    -2     26     26  24  101 4/TRENDING UP                 

OPTION STOCK SURVEILLANCE: 4
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                           COMPUTERS - SMALL & OFFICE EQUIP                +++++++                  
   -3 C/A/F XMS  XM SAT(XMSR)             8.1   -26      8     10  54   80 4/WEAK BUT LVLING             
   -7 F/D/F COM  3COM (COMS)              2.0   -21             3  72   80 3/AMONG WEAKEST               
   -4 D/C/C CSC  CISCO SYS(CSCO)         22.1   -17            25  28   88 3/GUARDED                     
    9 A/C/C BRC  BROADCOM (BRCM)         27.7     8     27         58  101 1/*BUY WATCH*                 
    9 A/F/C DEL  DELL COMP(DELL)         23.4    21     21     24  34  111 2/STRNG BUT TOPNG             
    0 C/C/C MMM  M M M                   68.9   -10            74  23   93 3/DRIFTING                    
   -5 F/F/F PAL  PALM(PALM)               5.6   -21             6  56   89 3/A PROBLEM STOCK             
   -3 C/C/C PBI  PITNEY BOWES            32.3   -12            36  21   90 3/DRIFTING                    
    7 A/B/B AAP  APPLE COMP(AAPL)       176.6     3    171    179  34   98 4/TRENDING UP                 
    6 A/A/F NOK  NOKIA CORP              25.7    -2     25     27  38   96 4/TRENDING UP                 
    1 C/C/C CA   COMPUTER ASSO INTL      22.4    -8            24  28   93 3/DRIFTING                    
   -4 D/D/C MSF  MICROSOFT (MSFT)        25.5   -13            28  26   91 3/DRIFTING                    
    1 C/D/C XRX  XEROX                   13.2    -4            14  24   96 3/RECONFRMD *SELL*            

                                CONSTRUCTION - PLANT                       +                        
   -2 C/B/C PCA  PACCAR (PCAR)           41.1   -15            47  42   88 3/GUARDED                     
   -2 C/F/A FLR  FLUOR                  175.3    -6           183  38   96 3/DRIFTING                    
   -1 C/C/C RGS  REGIS                   26.6   -12            29  28   92 3/DRIFTING                    
    2 C/D/B MDR  MCDERMOTT               58.4    -7            61  45   97 3/DRIFTING                    

OPTION STOCK SURVEILLANCE: 5
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                       --              COAL                                
   -2 C/C/C HYC  HYPERCOM                 4.3   -11             5  32   91 3/DRIFTING                    

                     ----      CONGLOMERATES/MULTILINE                     
    2 C/C/C CD   CENDANT                  2.0     0             2   8   95 3/DRIFTING                    
    9 A/F/A OLN  OLIN CORP               26.6     9     24     27  42  112 2/STRNG BUT TOPNG             
  -13 F/D/B GLW  CORNING GLASS           20.2   -27            26  29   79 3/AMONG WEAKEST               
    4 A/C/C CAG  CONAGRA                 21.1    -8     20     22  29   94 4/IMPROVING                   
    0 C/C/C HSC  HARSCO                  52.9   -11     51     59  29   90 4/IMPROVING                   
   -3 C/C/C FLE  FLEXTRONICS(FLEX)        9.1   -17            10  33   88 3/GUARDED                     
   -4 D/C/C TGT  TARGET                  44.9   -17            51  28   88 3/GUARDED                     

                       --        CURRENCIES                                
    4 A/C/C BP   BRITISH POUND            2.0     6      2      3  12   95 2/BACKNG AND FLLNG            
    1 C/C/C JY   J  YEN                   1.4     0             2  11   93 3/DRIFTING                    

                                        DRUGS                              ++++                     
   -7 F/A/F CVH  COVENTRY HEALTH         29.3   -31            39  59   75 3/AMONG WEAKEST               
   19 A/F/A ELN  ELAN CORP               36.8    40     30         58  124 1/A POWERHOUSE                
   -5 D/C/C IMM  IMMUNOMED(IMMU)          2.2   -16             3  47   85 3/GUARDED                     
   10 A/A/D BMY  BRISTOL MEYERS          21.5     7     21         29  101 1/*BUY WATCH*                 
    7 A/B/C LLY  LILLY ELI               48.2    -1     46     48  18  101 4/TRENDING UP                 
    5 A/B/F MRK  MERCK                   37.0     5     36     38  31   98 4/TRENDING UP                 
   13 A/A/C AZN  ASTRAZENECA             46.9    15     43         36  109 1/A POWERHOUSE                
    1 C/C/C BSX  BOSTON SCIENTIFIC       12.2    -9            13  28   93 3/DRIFTING                    
    9 A/C/B NVO  NOVO IND                65.9     8     66         24  100 1/*BUY WATCH*                 
    5 A/A/D PFE  PFIZER                  18.0     0     18     19  21   97 4/TRENDING UP                 
    4 C/C/F SGP  SCHERING PLGH           18.6    -3            19  45   98 3/DRIFTING                    
    8 A/A/C IMC  IMCLONE SYS(IMCL)       40.3     5     39     41  28   98 4/TRENDING UP                 
    8 A/A/C BII  BIOGEN (BIIB)           60.9     2     61         23  100 1/*BUY WATCH*                 
    0 C/F/A MOS  MOSAIC                 140.1    -9    136    154  55  103 2/BACKNG AND FLLNG            

OPTION STOCK SURVEILLANCE: 6
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                  ELECTRICAL - MAJOR                       +++++++++++++            
    0 C/C/C EMR  EMERSON ELECTRIC        49.8   -11     49     54  31   92 4/IMPROVING                   
    4 A/A/D GE   GENERAL ELEC            27.6    -6     27     29  37   94 4/TRENDING UP                 
    4 C/C/B HIT  HITACHI                 70.4    -2     70     73  24  101 2/BACKNG AND FLLNG            

                                   ELECTRONICS                             ++++                     
   -3 C/C/D JCI  JOHNSON CONTROLS        28.4   -15     29     32  37   89 4/LABORING                    
   -4 D/C/C HRS  HARRIS CORP             48.8   -13            57  39   86 3/GUARDED                     
   -1 C/D/C SLA  SILICON LABS            32.8    -4            36  30   92 3/DRIFTING                    
    8 A/C/B MDT  MEDTRONIC               53.1     4     51         17  105 1/REESTABL*BUY*               

                              ELECTRONICS - INSTRUMENTS                                             
   -3 C/C/C HPQ  HEWLETT PACKRD          41.5   -13            46  21   90 3/DRIFTING                    
    6 A/C/B PKI  PERKIN ELMER            29.0     2     28         23  102 1/REESTABL*BUY*               
  -28 F/F/C OSK  OSHKOSH CORP            17.3   -52            33  86   53 3/AMONG WEAKEST               

-------------------------  ELECTRONICS - TELECOMMUNICATION                 
    5 A/C/A EDS  ELECT DATA SYS          24.7     2     24     26  46  102 2/STRNG BUT TOPNG             
   -4 D/C/F DIS  ECHOSTAR(DISH)          27.1   -21            32  36   85 3/A PROBLEM STOCK             
    1 C/A/D JNP  JUNIPER NET(JNPR)       22.0   -10     23     25  38   87 4/IMPROVING                   
   -4 D/C/C JDS  JDS UNIPHASE(JDSU)      10.6   -14            12  55   90 3/DRIFTING                    
  -19 F/F/F NT   NORTHERN TELECOM         6.9   -32             8  83   82 3/AMONG WEAKEST               
   -4 D/C/C SNE  SONY                    41.2   -16            47  34   88 3/GUARDED                     

OPTION STOCK SURVEILLANCE: 7
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

               ----------       FINANCIAL - NON BANK                       
   -1 C/B/D AXP  AMERICAN EXPRESS        39.0   -13     39     44  39   89 4/IMPROVING                   
  -14 F/B/C ACF  AMERICREDIT              7.6   -36            12  71   66 3/AMONG WEAKEST               
   -9 F/C/D CIN  CINCINNATI FIN(CINF)    23.7   -26            31  34   76 3/AMONG WEAKEST               
  -33 F/F/F FNM  FEDERAL NAT MTGE        13.2   -47            24  99   55 3/AMONG WEAKEST               
   10 A/A/B HRB  BLOCK H R               22.9     3     23         39  101 1/*BUY WATCH*                 
    0 C/C/D TY   TRI CONTINENTAL COR     16.4    -9            18  22   91 3/DRIFTING                    

  -----------------------         FOOD - PROCESSORS                        
    2 C/A/C ADM  ARCHER DANIELS          31.3    -4     32     37  38   85 4/IMPROVING                   
  -10 F/A/C CQB  CHIQUITA BRANDS         13.8   -41     13     20  74   69 4/WEAK BUT LVLING             
    6 A/C/B IAR  INTEGRA                 45.4     2     43     47  20  105 2/BACKNG AND FLLNG            
    6 A/C/B HNZ  HEINZ                   49.7    -2     47     49  20  102 4/TRENDING UP                 
    5 A/C/C K    KELLOGG                 50.9    -3     49     51  19  100 4/TRENDING UP                 
    6 A/B/D SLE  SARA LEE                12.8    -2     13     13  23   96 4/TRENDING UP                 

                                FOOD - RESTAURANTS                         ++++                     
    4 A/C/B MCD  MCDONALDS               58.4    -3     57     59  23  100 4/TRENDING UP                 
    2 C/F/A KKD  KRISPY KREME             4.9     9      4      6  61  114 2/STRNG BUT TOPNG             
   -9 F/D/D SBU  STARBUCKS(SBUX)         14.4   -21            17  41   85 3/A PROBLEM STOCK             
   -9 F/F/C WEN  WENDYS                  24.2   -13            28  42   87 3/GUARDED                     

OPTION STOCK SURVEILLANCE: 8
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                   ------    FOREST PRODUCTS & PAPER                       
    4 C/F/A POT  POTASH                 220.7    -3    214    231  46  103 2/BACKNG AND FLLNG            
    3 C/B/D IP   INTL PAPER              24.5    -6     25     25  40   96 4/TRENDING UP                 
   -7 F/C/F LPX  LOUSIANA PAC             8.0   -21            10  64   77 3/AMONG WEAKEST               
   -2 C/B/D WY   WEYERHAUSER             49.3   -13     50     58  30   86 4/LABORING                    

                                   HOTEL/GAMING                                                     
   -8 F/F/C YGE  YINGLI GREEN ENERGY     15.0   -21     15     20  70   77 4/WEAK BUT LVLING             
  -12 F/D/C KMX  CARMAX                  13.1   -27            18  46   74 3/AMONG WEAKEST               
  -30 F/F/F SHF  SHUFFLE M(SHFL)          4.2   -47             6  99   72 3/AMONG WEAKEST               

-------------------------       HOSPITAL MANAGEMENT                        
    7 A/C/C SYK  STRYKER                 65.9     3     64         23  103 1/*BUY WATCH*                 
    5 A/C/C FXE  EURO                   155.5     0           156   6  100 3/DRIFTING                    
   -4 D/B/F HUM  HUMANA                  38.0   -20            45  71   85 3/A PROBLEM STOCK             

                                 HOSPITAL SUPPLY                           ++++                     
   10 A/B/B ABT  ABBOTT LABS             57.4     7     55         26  105 1/*BUY WATCH*                 
    4 A/C/B BCR  BARD C R                88.7    -3     87     90  16   99 4/TRENDING UP                 
    8 A/C/B BAX  BAXTER TRAVENOL         65.3     6     62         13  105 1/A POWERHOUSE                
    6 A/B/B BDX  BECTON DICKENSON        83.0     1     83         17  100 1/*BUY WATCH*                 
    7 A/B/C JNJ  JOHNSON JOHNSON         66.9     1     66         15  102 1/*BUY WATCH*                 

OPTION STOCK SURVEILLANCE: 9
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                             HOUSING/MOBILE HOMES                          +++++++++++++++++++      
   -6 F/D/C TOL  TOLL BROTHERS           17.5   -13            21  53   85 3/RECONFRMD *SELL*            
  -22 F/F/F FLE  FLEETWOOD ENTR           2.3   -43             4  85   64 3/AMONG WEAKEST               
    1 C/C/D SKY  SKYLINE                 23.4    -9     23     26  40   91 4/IMPROVING                   

-------------------------         INSURANCE                                
   -3 C/C/D AET  AETNA LIFE              37.1   -17            43  29   87 3/GUARDED                     
  -14 F/C/F AIG  AMERICAN INTL GP        24.0   -30            33  59   72 3/AMONG WEAKEST               
   -1 C/B/D CI   CIGNA                   34.3   -16            39  29   89 3/GUARDED                     

                       --        INTERNET                                  
   -2 C/C/C TWX  TIME WARNER             13.9   -10            15  24   90 3/RECONFRMD *SELL*            
    3 C/C/C GOO  GOOGLE(GOOG)           540.6    -6    529    558  40   97 4/TRENDING UP                 
   -6 F/C/D ATM  ATMEL CORP(ATML)         3.3   -16             4  47   80 3/A PROBLEM STOCK             
    1 C/D/A ARB  ARIBA(ARBA)             14.5    -6     14     16  49  101 2/BACKNG AND FLLNG            
    9 A/C/C BRC  BROADCOM (BRCM)         27.7     8     27         58  101 1/*BUY WATCH*                 
    6 A/B/C EBA  EBAY(EBAY)              28.2    -1     27     29  29   97 4/TRENDING UP                 
   -4 D/D/F FDR  FOUNDRY NET(FDRY)       11.5   -13            13  34   89 3/GUARDED                     
   -2 C/D/C AMZ  AMAZON.COM(AMZN)        70.6   -11            77  39   92 3/DRIFTING                    
    2 C/C/C HHH  INTERNET TRUST          50.9    -7     51     55  22   93 4/IMPROVING                   
    5 A/C/A QCO  QUALCOM(QCOM)           48.2    -4     44     47  27  102 4/TRENDING UP                 
   10 A/A/C YHO  YAHOO CORP (YHOO)       23.5     0     22     25  38   95 4/TRENDING UP                 

OPTION STOCK SURVEILLANCE: 10
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                LEISURE TIME                               +++                      
   -3 C/A/F XMS  XM SAT(XMSR)             8.1   -26      8     10  54   80 4/WEAK BUT LVLING             
    2 C/A/F SIR  SIRIUS SAT(SIRI)         2.1   -17      2      3  47   84 4/LABORING                    
   -1 C/C/D BDK  BLACK DECKER            55.0    -9            61  28   90 3/DRIFTING                    
   -9 F/C/F BC   BRUNSWICK               10.0   -25     11     13  49   75 4/WEAK BUT LVLING             
   -3 D/C/C DIS  DISNEY                  29.6   -13            33  23   90 3/DRIFTING                    
    5 A/A/F EK   EASTMAN KODAK           13.5     6     13     15  47   91 4/TRENDING UP                 
   -2 C/C/C MAT  MATTEL                  17.4   -15            19  34   91 3/GUARDED                     
   -1 C/D/A TTW  TAKE-TWO SF(TTWO)       23.9   -10            26  18   91 3/DRIFTING                    
   -6 F/F/A ATV  ACTIVISION(ATVI)        30.1   -13            33  33   91 3/DRIFTING                    
   -4 D/C/C GME  GAMESTOP                38.9   -13     39     46  43   84 4/LABORING                    

                     ----       MACHINERY - FARM                           
   -5 D/C/C DE   DEERE                   65.8   -16            77  28   85 3/A PROBLEM STOCK             

             ------------        THE MARKETS                               
    1 C/C/C $SP  S&P 500 INDEX         1253.4    -8          1343  18   93 3/DRIFTING                    
    0 C/C/C $IN  DOW INDUST           11229.0    -9  11289  12108  19   93 4/IMPROVING                   
    0 C/C/C $MI  S&P MIDCAP 400         790.8    -9           847  19   93 3/DRIFTING                    
    2 C/C/C $ND  NASDAQ 100 INDEX      1839.6    -7          1938  21   95 3/DRIFTING                    
    2 C/C/C QQQ  NASDAQ 100(QQQQ)        45.3    -7            48  21   95 3/DRIFTING                    
    1 C/C/C $OE  S & P 100 INDEX        573.8    -8    579    613  19   94 4/IMPROVING                   

OPTION STOCK SURVEILLANCE: 11
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                               MACHINERY - INDUSTRIAL                      +                        
   -5 F/C/B CAT  CATEPILLAR              68.4   -17            78  33   87 3/GUARDED                     

             ------------          MINING - GOLD                           
    8 A/B/B ASA  A S A                   81.2    10     75     81  45  100 4/TRENDING UP                 
   12 A/C/A GG   GOLDCORP                45.9    20     42         55  109 1/A POWERHOUSE                
    9 A/C/A GLD  GOLD ST                 93.5     9     90         24  104 1/A POWERHOUSE                
   15 A/B/B ABX  AM BARRICK RES          46.7    21     42         54  111 1/A POWERHOUSE                
    5 A/C/C FXB  BRITISH POUND          197.5     0           198   6  100 3/DRIFTING                    

                                 MINING - GENERAL                          +++++++++++++++++++++++++
   12 A/C/A GG   GOLDCORP                45.9    20     42         55  109 1/A POWERHOUSE                
   10 A/C/A SLV  SILVER TRUST           181.2    11    173         44  105 1/A POWERHOUSE                
   -1 C/C/C AMX  AMAX                    50.6   -11            55  37   92 3/DRIFTING                    
   -3 D/C/C ZBR  ZEBRA TECH(ZBRA)        31.1   -13            36  23   88 3/GUARDED                     
   -1 C/C/B AUY  YAMANA GOLD             14.0     0     15     18  57   92 2/BACKNG AND FLLNG            
    4 A/D/B NEM  NEWMONT MINING          49.2     5     49     54  36  101 2/STRNG BUT TOPNG             
    5 A/C/C XTO  XTO ENERGY              63.5     0            64  10  100 3/DRIFTING                    

OPTION STOCK SURVEILLANCE: 12
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                  NATURAL GAS                              +++++++                  
  -11 F/C/F VLO  VALERO                  33.8   -25            44  46   77 3/AMONG WEAKEST               
   -2 C/A/F AHC  AMERADA HESS             5.9   -27      6      8  67   77 4/WEAK BUT LVLING             
   -6 F/F/A APA  APACHE CORP            122.4   -12           136  35   90 3/DRIFTING                    
    0 C/C/C ASH  ASHLAND OIL             47.4   -13     47     53  30   90 4/IMPROVING                   
   -4 D/D/B FCX  FREEPORT MCMORAN       106.2   -14           116  33   92 3/DRIFTING                    
   -5 D/C/B DYN  DYNEGY                   8.0   -14             9  27   89 3/GUARDED                     
   -3 D/B/F SUN  SUN COMPANY             36.0   -12            41  43   87 3/RECONFRMD *SELL*            
    4 C/C/C RIG  TRANSOCEAN             146.5     1    143    150  24   98 4/TRENDING UP                 

                     ----        OIL                                       
    3 C/C/C XOM  EXXON                   86.1    -3     85     88  22   97 4/TRENDING UP                 
    4 C/C/C RIG  TRANSOCEAN             146.5     1    143    150  24   98 4/TRENDING UP                 
    1 C/C/A OXY  OCCIDENTAL PET          83.6    -6            90  30   93 3/DRIFTING                    

                                 OIL SERVICES                              +                        
    1 C/D/A HAL  HALIBURTON              48.0    -1     49     53  30   97 2/BACKNG AND FLLNG            
    2 C/D/B SLB  SCHLUMBERGER            99.2    -1           103  30   97 3/*SELL WATCH*                
   -1 C/F/A RDC  ROWAN COS               41.9    -5            44  38   95 3/DRIFTING                    

OPTION STOCK SURVEILLANCE: 13
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                 PERSONAL CARE/SOA                         +                        
    3 C/B/C AVP  AVON PRODUCTS           35.6    -5     36     38  18   95 4/TRENDING UP                 
    5 A/B/C PG   PROCTOR GAMBLE          64.2    -4     61     65  19   99 4/TRENDING UP                 
    3 C/C/C IFF  INTL FLAVORS            39.6    -4     40     41  22   97 4/TRENDING UP                 
    5 A/A/F PPC  PILGRIMS PRIDE          14.6   -21     13     20  67   74 4/WEAK BUT LVLING             
    3 C/B/C CL   COLGATE                 69.9    -5     69     72  16   98 4/TRENDING UP                 
    4 C/C/C CLX  CLOROX                  53.1    -1     52     55  20   97 4/TRENDING UP                 
    5 A/C/C TEV  TEVA PHARM(TEVA)        45.0     6     45     48  20   99 2/STRNG BUT TOPNG             

                                 RAILROADS                                 ++++++++                 
    2 C/C/A BNI  BURLINGTON NORTH        96.1    -9           104  27   93 3/DRIFTING                    
    2 C/C/A UNP  UNION PACIFIC           72.2    -5            76  29   95 3/DRIFTING                    
    5 A/C/A NSC  NORFOLK SOUTHERN        62.3    -2     59     63  30   99 4/TRENDING UP                 
    1 C/C/A CSX  C S X                   59.9    -9            64  33   93 3/DRIFTING                    

                                 RETAILERS                                 ++++                     
    5 A/C/A WMT  WAL-MART STORES         57.2    -4     56     57  19  100 4/TRENDING UP                 
  -10 F/C/C JCP  PENNY J C               31.9   -20            39  49   82 3/RECONFRMD *SELL*            
   -7 F/D/C JWN  NORDSTROM               28.5   -18            34  48   85 3/A PROBLEM STOCK             
   -7 F/D/C HD   HOME DEPOT              21.9   -21            26  34   84 3/AMONG WEAKEST               
   -7 F/D/B NKE  NIKE                    55.7   -20            65  33   86 3/A PROBLEM STOCK             
    5 A/B/B COS  COSTCO (COST)           70.9     1     69     71  17  100 4/TRENDING UP                 
   -3 D/C/C BBY  BEST BUY                38.6   -16            43  37   90 3/GUARDED                     
   -2 C/D/C AMZ  AMAZON.COM(AMZN)        70.6   -11            77  39   92 3/DRIFTING                    

OPTION STOCK SURVEILLANCE: 14
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                       --        SAVING & LOAN                             
   -3 D/A/D BBT  BBT CORP                22.5   -16     24     28  34   80 4/LABORING                    
  -14 F/C/C WFS  WASH FED(WFSL)          15.4   -29            21  41   74 3/AMONG WEAKEST               

-------------------------        SEMICONDUCTORS                            
   -2 C/D/B AMA  APPLIED MAT(AMAT)       18.3    -9            19  31   94 3/DRIFTING                    
   -1 C/C/C TXN  TEXAS INSTRMNT          27.3   -10            30  21   91 3/DRIFTING                    
   -4 D/F/B XLN  XILINX (XLNX)           23.5   -15            26  26   90 3/GUARDED                     
    6 A/C/B QLG  QLOGIC (QLGC)           15.2     1     15     15  24   99 4/TRENDING UP                 
    1 C/C/D CY   CYPRESS SEMICONDUCT     24.1    -8     23     27  49   90 4/IMPROVING                   
  -24 F/F/F NVD  NVIDIA (NVDA)           11.8   -45            21  84   58 3/AMONG WEAKEST               
   -7 F/C/F MOT  MOTOROLA                 7.0   -24             9  40   80 3/AMONG WEAKEST               
   -5 D/D/C RMB  RAMBUS(RMBS)            17.1   -13            20  52   85 3/GUARDED                     
   -5 F/D/B MSC  MICROSEMI               23.1   -15            26  39   89 3/GUARDED                     
   -1 C/C/C INT  INTEL (INTC)            20.6   -10            23  27   91 3/DRIFTING                    
  -17 F/F/F AMD  A M D                    5.0   -34             7  49   74 3/AMONG WEAKEST               
   -2 C/D/D AVT  AVNET                   25.7   -14            28  39   91 3/DRIFTING                    

OPTION STOCK SURVEILLANCE: 15
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

            -------------        SERVICE COMPANIES                         
    4 A/C/C SYY  SYSCO CORP              28.6    -6     28     30  27   96 4/TRENDING UP                 
    5 A/C/C CSC  COMPUTER SCIENCE        47.7    -1     48     50  22  100 2/BACKNG AND FLLNG            
    0 C/B/C FDX  FEDERAL EXPRSS          75.2   -13            84  29   89 3/GUARDED                     
   -2 C/C/C UPS  NITED PARCEL SERVICE    59.3   -14            66  27   89 3/GUARDED                     

                                 SOFTWARE                                  +                        
    1 C/C/C CA   COMPUTER ASSO INTL      22.4    -8            24  28   93 3/DRIFTING                    
    2 C/C/A BMC  BMC SOFTWARE(BMC)       36.2    -6            38  30   96 3/DRIFTING                    
    6 A/D/A UNG  NATURAL GAS             60.1     0     58     61  31  104 2/STRNG BUT TOPNG             
    0 C/C/C NTA  NETWORK APPL(NTAP)      22.1    -9     22     24  40   92 4/IMPROVING                   
   -4 D/D/C MSF  MICROSOFT (MSFT)        25.5   -13            28  26   91 3/DRIFTING                    

                                 STEEL                                     ++                       
    1 C/F/A X    U S STEEL              165.4    -6           175  50   95 3/DRIFTING                    

                                 TIRE & RUBBER                             +                        
   -4 D/A/F CTB  COOPER TIRE              7.5   -22      8     10  50   74 4/WEAK BUT LVLING             
  -10 F/B/D GT   GOODYEAR TIRE           17.0   -27     18     23  48   74 4/WEAK BUT LVLING             

OPTION STOCK SURVEILLANCE: 16
7/10/2008                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

     --------------------        TOBACCO                                   
    4 C/C/B LTR  LOEWS CORP              49.5    -2     49     51  26  101 2/BACKNG AND FLLNG            
    8 A/B/B PM   PHILIP MORRIS           53.4     4     52         15  103 1/*BUY WATCH*                 
    7 A/B/C MO   PHILLIP MORRIS          21.2     2     21     21  23   99 4/TRENDING UP                 

     --------------------        COMMUNICATIONS                            
    1 C/B/C T    AMERICAN TEL TEL        32.8   -11     33     37  25   90 4/IMPROVING                   
   -3 C/C/A PBR  PETROLEO BRASIL         61.7   -10            68  45   91 3/DRIFTING                    
    2 C/A/F Q    QWEST                    3.8   -10      4      5  43   84 4/LABORING                    
    2 C/B/C VZ   VERIZON                 34.9    -7            37  28   94 3/RECONFRMD *SELL*            

                                 UTILITIES                                 ++++++++++++++++         
    8 A/B/C SO   SOUTHERN COMPANY        36.5     4     36         14  102 1/*BUY WATCH*                 
    5 A/C/F D    DOMINION RES            47.1     3     46     48  17  102 2/BACKNG AND FLLNG            

================================================================

Disclaimer: The information contained herein has been obtained from sources believed to be reliable, but there is no guarantee it is accurate or complete and it should not be relied upon.

The output is based on mathematical calculations and should not be used as a sole means of making investment decisions.

POWER OPTION PLAYS

The options listed below are computer selected, based on the price action of the underlying stock. Avoid paying more than the option price listed, for that price is the fair, theorectical value for the option. If an option is not available at the expiration month listed, go to the next month. For example, if the recommended option is the IBM September 100 call, but a September option is not traded, select the October 100 call.

To get option quotes, we suggest going to www.cboe.com and clicking on Market Quotes or www.bigcharts.com and clicking on "option chain".

We suggest holding each option position a maximum of 3 weeks and our option analysis is based on that hold period. But if you can get a low priced option you may wish to hold it for a longer period.

----------

Buy GENERAL DYNAM (GD) Sep 80 Put options at 1.9 or lower (Stock Price = 81.7). After entry, take profits if the stock price hits 78.4 (option price = 3.5). Exit if the stock price closes above 83.3 (option price = 1.3).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 47%

Historical Volatility 19%: Delta .383: : Rating 105: Expected Val $10.20

----------

Buy NORTHROP (NOC) Sep 65 Put options at 2.0 or lower (Stock Price = 65.7). After entry, take profits if the stock price hits 62.3 (option price = 3.9). Exit if the stock price closes above 67.4 (option price = 1.4).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 42%

Historical Volatility 20%: Delta .435: : Rating 97: Expected Val $5.20

----------

Buy S W AIRLINES (LUV) Sep 12.5 Put options at 0.3 or lower (Stock Price = 13.4). After entry, take profits if the stock price hits 12.4 (option price = 0.7). Exit if the stock price closes above 13.9 (option price = 0.2).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 46%

Historical Volatility 31%: Delta .270: : Rating 125: Expected Val $3.00

----------

Buy GENERAL MOTORS (GM) Sep 7.5 Put options at 0.3 or lower (Stock Price = 9.7). After entry, take profits if the stock price hits 8.1 (option price = 0.7). Exit if the stock price closes above 10.5 (option price = 0.2).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 56%

Historical Volatility 69%: Delta .163: : Rating 123: Expected Val $4.00

----------

Buy CITIGROUP (C) Sep 15 Put options at 0.9 or lower (Stock Price = 16.3). After entry, take profits if the stock price hits 14.0 (option price = 1.9). Exit if the stock price closes above 17.4 (option price = 0.6).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 49%

Historical Volatility 57%: Delta .321: : Rating 95: Expected Val $4.30

----------

Buy COCA COLA (KO) Sep 45 Put options at 0.2 or lower (Stock Price = 50.0). After entry, take profits if the stock price hits 48.0 (option price = 0.5). Exit if the stock price closes above 51.0 (option price = 0.1).

Probability of hitting Profit Goal 22%: Probability of hitting Stop Loss 48%

Historical Volatility 18%: Delta .097: : Rating 124: Expected Val $1.80

----------

Buy CHARLES SCHWAB (SCH) Sep 20 Put options at 0.2 or lower (Stock Price = 22.3). After entry, take profits if the stock price hits 20.7 (option price = 0.6). Exit if the stock price closes above 23.1 (option price = 0.1).

Probability of hitting Profit Goal 12%: Probability of hitting Stop Loss 41%

Historical Volatility 24%: Delta .149: : Rating 110: Expected Val $0.70

----------

Buy P P G INDUSTRIES (PPG) Sep 55 Put options at 2.5 or lower (Stock Price = 55.4). After entry, take profits if the stock price hits 51.4 (option price = 4.8). Exit if the stock price closes above 57.4 (option price = 1.7).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 46%

Historical Volatility 28%: Delta .452: : Rating 90: Expected Val $4.60

----------

Buy AIR PRODUCTS (APD) Sep 95 Put options at 3.1 or lower (Stock Price = 97.1). After entry, take profits if the stock price hits 92.1 (option price = 5.6). Exit if the stock price closes above 99.6 (option price = 2.2).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 50%

Historical Volatility 24%: Delta .398: : Rating 88: Expected Val $7.50

----------

Buy TYCO INTL (TYC) Sep 35 Put options at 0.3 or lower (Stock Price = 39.6). After entry, take profits if the stock price hits 36.7 (option price = 0.9). Exit if the stock price closes above 41.0 (option price = 0.2).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 41%

Historical Volatility 27%: Delta .127: : Rating 136: Expected Val $3.70

----------

Buy DOW CHEMICAL (DOW) Sep 30 Put options at 0.5 or lower (Stock Price = 32.5). After entry, take profits if the stock price hits 30.2 (option price = 1.3). Exit if the stock price closes above 33.7 (option price = 0.3).

Probability of hitting Profit Goal 14%: Probability of hitting Stop Loss 41%

Historical Volatility 26%: Delta .222: : Rating 114: Expected Val $3.00

----------

Buy DUPONT (DD) Sep 40 Put options at 1.2 or lower (Stock Price = 41.5). After entry, take profits if the stock price hits 38.5 (option price = 2.6). Exit if the stock price closes above 43.0 (option price = 0.8).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 42%

Historical Volatility 26%: Delta .352: : Rating 94: Expected Val $1.40

----------

Buy GRACE (GRA) Sep 22.5 Put options at 1.5 or lower (Stock Price = 22.7). After entry, take profits if the stock price hits 20.4 (option price = 2.8). Exit if the stock price closes above 23.8 (option price = 1.1).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 49%

Historical Volatility 39%: Delta .445: : Rating 101: Expected Val $7.70

----------

Buy WILLIAMS CO (WMB) Sep 35 Put options at 1.0 or lower (Stock Price = 36.1). After entry, take profits if the stock price hits 34.2 (option price = 1.9). Exit if the stock price closes above 37.0 (option price = 0.7).

Probability of hitting Profit Goal 23%: Probability of hitting Stop Loss 51%

Historical Volatility 24%: Delta .366: : Rating 106: Expected Val $5.40

----------

Buy ORACLE CORP(ORCL) (ORC) Sep 20 Put options at 0.4 or lower (Stock Price = 21.3). After entry, take profits if the stock price hits 19.8 (option price = 1.0). Exit if the stock price closes above 22.1 (option price = 0.2).

Probability of hitting Profit Goal 11%: Probability of hitting Stop Loss 40%

Historical Volatility 25%: Delta .264: : Rating 85: Expected Val $-1.40

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Buy CISCO SYS(CSCO) (CSC) Sep 20 Put options at 0.3 or lower (Stock Price = 22.1). After entry, take profits if the stock price hits 20.5 (option price = 0.7). Exit if the stock price closes above 22.9 (option price = 0.2).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 45%

Historical Volatility 28%: Delta .189: : Rating 121: Expected Val $2.70

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Buy M M M (MMM) Sep 65 Put options at 1.2 or lower (Stock Price = 68.9). After entry, take profits if the stock price hits 65.3 (option price = 2.5). Exit if the stock price closes above 70.7 (option price = 0.8).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 49%

Historical Volatility 23%: Delta .266: : Rating 109: Expected Val $7.70

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Buy PALM(PALM) (PAL) Sep 5 Put options at 0.3 or lower (Stock Price = 5.6). After entry, take profits if the stock price hits 4.8 (option price = 0.6). Exit if the stock price closes above 6.0 (option price = 0.2).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 51%

Historical Volatility 56%: Delta .286: : Rating 107: Expected Val $2.10

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Buy PITNEY BOWES (PBI) Sep 30 Put options at 0.3 or lower (Stock Price = 32.3). After entry, take profits if the stock price hits 30.6 (option price = 0.8). Exit if the stock price closes above 33.1 (option price = 0.2).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 42%

Historical Volatility 21%: Delta .185: : Rating 121: Expected Val $2.30

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Buy COMPUTER ASSO INTL (CA) Sep 20 Put options at 0.3 or lower (Stock Price = 22.4). After entry, take profits if the stock price hits 20.8 (option price = 0.7). Exit if the stock price closes above 23.2 (option price = 0.2).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 48%

Historical Volatility 28%: Delta .177: : Rating 121: Expected Val $2.80

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Buy MICROSOFT (MSFT) (MSF) Sep 25 Put options at 0.9 or lower (Stock Price = 25.5). After entry, take profits if the stock price hits 23.7 (option price = 1.9). Exit if the stock price closes above 26.4 (option price = 0.6).

Probability of hitting Profit Goal 11%: Probability of hitting Stop Loss 41%

Historical Volatility 26%: Delta .408: : Rating 87: Expected Val $-1.30

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Buy XEROX (XRX) Sep 12.5 Put options at 0.3 or lower (Stock Price = 13.2). After entry, take profits if the stock price hits 12.2 (option price = 0.7). Exit if the stock price closes above 13.7 (option price = 0.2).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 41%

Historical Volatility 24%: Delta .296: : Rating 106: Expected Val $1.10

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Buy PACCAR (PCAR) (PCA) Sep 40 Put options at 2.5 or lower (Stock Price = 41.1). After entry, take profits if the stock price hits 37.0 (option price = 4.6). Exit if the stock price closes above 43.2 (option price = 1.8).

Probability of hitting Profit Goal 22%: Probability of hitting Stop Loss 49%

Historical Volatility 42%: Delta .406: : Rating 95: Expected Val $11.90

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Buy FLUOR (FLR) Sep 175 Put options at 11.5 or lower (Stock Price = 175.3). After entry, take profits if the stock price hits 157.8 (option price = 21.8). Exit if the stock price closes above 184.1 (option price = 8.0).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 49%

Historical Volatility 38%: Delta .463: : Rating 46: Expected Val $3.60

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Buy REGIS (RGS) Sep 25 Put options at 0.6 or lower (Stock Price = 26.6). After entry, take profits if the stock price hits 24.7 (option price = 1.4). Exit if the stock price closes above 27.6 (option price = 0.4).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 46%

Historical Volatility 28%: Delta .282: : Rating 111: Expected Val $3.60

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Buy MCDERMOTT (MDR) Sep 55 Put options at 2.9 or lower (Stock Price = 58.4). After entry, take profits if the stock price hits 52.1 (option price = 5.8). Exit if the stock price closes above 61.6 (option price = 2.0).

Probability of hitting Profit Goal 22%: Probability of hitting Stop Loss 52%

Historical Volatility 45%: Delta .343: : Rating 94: Expected Val $17.00

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Buy CORNING GLASS (GLW) Sep 20 Put options at 0.9 or lower (Stock Price = 20.2). After entry, take profits if the stock price hits 18.7 (option price = 1.7). Exit if the stock price closes above 20.9 (option price = 0.6).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 46%

Historical Volatility 29%: Delta .443: : Rating 92: Expected Val $0.60

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Buy FLEXTRONICS(FLEX) (FLE) Sep 7.5 Put options at 0.1 or lower (Stock Price = 9.1). After entry, take profits if the stock price hits 8.2 (option price = 0.3). Exit if the stock price closes above 9.6 (option price = 0.1).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 51%

Historical Volatility 33%: Delta .118: : Rating 209: Expected Val $3.80

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Buy TARGET (TGT) Sep 40 Put options at 0.5 or lower (Stock Price = 44.9). After entry, take profits if the stock price hits 41.7 (option price = 1.3). Exit if the stock price closes above 46.5 (option price = 0.3).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 48%

Historical Volatility 28%: Delta .159: : Rating 113: Expected Val $3.20

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Buy COVENTRY HEALTH (CVH) Sep 25 Put options at 1.2 or lower (Stock Price = 29.3). After entry, take profits if the stock price hits 25.2 (option price = 2.5). Exit if the stock price closes above 31.4 (option price = 0.8).

Probability of hitting Profit Goal 22%: Probability of hitting Stop Loss 55%

Historical Volatility 59%: Delta .232: : Rating 96: Expected Val $6.60

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Buy SCHERING PLGH (SGP) Sep 17.5 Put options at 0.9 or lower (Stock Price = 18.6). After entry, take profits if the stock price hits 16.6 (option price = 1.8). Exit if the stock price closes above 19.6 (option price = 0.6).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 53%

Historical Volatility 45%: Delta .340: : Rating 89: Expected Val $1.20

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Buy HARRIS CORP (HRS) Sep 45 Put options at 1.7 or lower (Stock Price = 48.8). After entry, take profits if the stock price hits 43.9 (option price = 3.7). Exit if the stock price closes above 51.2 (option price = 1.1).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 52%

Historical Volatility 39%: Delta .291: : Rating 88: Expected Val $2.80

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Buy SILICON LABS (SLA) Sep 30 Put options at 0.6 or lower (Stock Price = 32.8). After entry, take profits if the stock price hits 30.4 (option price = 1.4). Exit if the stock price closes above 34.0 (option price = 0.4).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 48%

Historical Volatility 30%: Delta .226: : Rating 120: Expected Val $5.60

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Buy HEWLETT PACKRD (HPQ) Sep 40 Put options at 0.9 or lower (Stock Price = 41.5). After entry, take profits if the stock price hits 39.3 (option price = 1.8). Exit if the stock price closes above 42.6 (option price = 0.6).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 45%

Historical Volatility 21%: Delta .331: : Rating 94: Expected Val $0.90

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Buy OSHKOSH CORP (OSK) Sep 15 Put options at 1.4 or lower (Stock Price = 17.3). After entry, take profits if the stock price hits 14.5 (option price = 2.4). Exit if the stock price closes above 18.7 (option price = 1.1).

Probability of hitting Profit Goal 33%: Probability of hitting Stop Loss 58%

Historical Volatility 86%: Delta .284: : Rating 108: Expected Val $15.60

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Buy ECHOSTAR(DISH) (DIS) Sep 25 Put options at 0.8 or lower (Stock Price = 27.1). After entry, take profits if the stock price hits 24.6 (option price = 1.8). Exit if the stock price closes above 28.3 (option price = 0.5).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 49%

Historical Volatility 36%: Delta .278: : Rating 102: Expected Val $3.30

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Buy JDS UNIPHASE(JDSU) (JDS) Sep 10 Put options at 0.7 or lower (Stock Price = 10.6). After entry, take profits if the stock price hits 9.3 (option price = 1.3). Exit if the stock price closes above 11.2 (option price = 0.5).

Probability of hitting Profit Goal 22%: Probability of hitting Stop Loss 56%

Historical Volatility 55%: Delta .358: : Rating 91: Expected Val $2.00

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Buy NORTHERN TELECOM (NT) Sep 5 Put options at 0.2 or lower (Stock Price = 6.9). After entry, take profits if the stock price hits 5.8 (option price = 0.4). Exit if the stock price closes above 7.5 (option price = 0.1).

Probability of hitting Profit Goal 30%: Probability of hitting Stop Loss 60%

Historical Volatility 83%: Delta .138: : Rating 79: Expected Val $0.00

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Buy SONY (SNE) Sep 40 Put options at 1.9 or lower (Stock Price = 41.2). After entry, take profits if the stock price hits 37.4 (option price = 3.9). Exit if the stock price closes above 43.1 (option price = 1.3).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 46%

Historical Volatility 34%: Delta .393: : Rating 89: Expected Val $2.40

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Buy AMERICREDIT (ACF) Sep 7.5 Put options at 0.9 or lower (Stock Price = 7.6). After entry, take profits if the stock price hits 6.4 (option price = 1.5). Exit if the stock price closes above 8.2 (option price = 0.7).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 55%

Historical Volatility 71%: Delta .421: : Rating 91: Expected Val $4.00

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Buy CINCINNATI FIN(CIN (CIN) Sep 22.5 Put options at 0.9 or lower (Stock Price = 23.7). After entry, take profits if the stock price hits 21.5 (option price = 1.9). Exit if the stock price closes above 24.8 (option price = 0.6).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 47%

Historical Volatility 34%: Delta .340: : Rating 99: Expected Val $2.90

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Buy FEDERAL NAT MTGE (FNM) Sep 12.5 Put options at 1.9 or lower (Stock Price = 13.2). After entry, take profits if the stock price hits 11.1 (option price = 2.8). Exit if the stock price closes above 14.3 (option price = 1.5).

Probability of hitting Profit Goal 36%: Probability of hitting Stop Loss 68%

Historical Volatility 99%: Delta .366: : Rating 73: Expected Val $5.20

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Buy TRI CONTINENTAL CO (TY) Sep 15 Put options at 0.1 or lower (Stock Price = 16.4). After entry, take profits if the stock price hits 15.7 (option price = 0.2). Exit if the stock price closes above 16.7 (option price = 0.1).

Probability of hitting Profit Goal 26%: Probability of hitting Stop Loss 48%

Historical Volatility 22%: Delta .137: : Rating 173: Expected Val $2.60

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Buy STARBUCKS(SBUX) (SBU) Sep 12.5 Put options at 0.3 or lower (Stock Price = 14.4). After entry, take profits if the stock price hits 13.0 (option price = 0.7). Exit if the stock price closes above 15.1 (option price = 0.2).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 51%

Historical Volatility 41%: Delta .191: : Rating 119: Expected Val $2.90

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Buy WENDYS (WEN) Sep 22.5 Put options at 0.9 or lower (Stock Price = 24.2). After entry, take profits if the stock price hits 21.8 (option price = 2.0). Exit if the stock price closes above 25.4 (option price = 0.6).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 51%

Historical Volatility 42%: Delta .309: : Rating 110: Expected Val $7.80

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Buy LOUSIANA PAC (LPX) Sep 7.5 Put options at 0.6 or lower (Stock Price = 8.0). After entry, take profits if the stock price hits 6.7 (option price = 1.2). Exit if the stock price closes above 8.6 (option price = 0.4).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 49%

Historical Volatility 64%: Delta .354: : Rating 92: Expected Val $1.60

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Buy CARMAX (KMX) Sep 12.5 Put options at 0.8 or lower (Stock Price = 13.1). After entry, take profits if the stock price hits 11.7 (option price = 1.5). Exit if the stock price closes above 13.8 (option price = 0.6).

Probability of hitting Profit Goal 23%: Probability of hitting Stop Loss 55%

Historical Volatility 46%: Delta .372: : Rating 103: Expected Val $5.10

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Buy SHUFFLE M(SHFL) (SHF) Sep 2.5 Put options at 0.1 or lower (Stock Price = 4.2). After entry, take profits if the stock price hits 3.5 (option price = 0.2). Exit if the stock price closes above 4.5 (option price = 0.1).

Probability of hitting Profit Goal 41%: Probability of hitting Stop Loss 69%

Historical Volatility 99%: Delta .090: : Rating 197: Expected Val $4.10

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Buy EURO (FXE) Sep 155 Put options at 1.3 or lower (Stock Price = 155.5). After entry, take profits if the stock price hits 153.6 (option price = 2.4). Exit if the stock price closes above 156.4 (option price = 1.0).

Probability of hitting Profit Goal 6%: Probability of hitting Stop Loss 27%

Historical Volatility 6%: Delta .445: : Rating 91: Expected Val $-1.50

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Buy HUMANA (HUM) Sep 35 Put options at 3.2 or lower (Stock Price = 38.0). After entry, take profits if the stock price hits 31.9 (option price = 5.9). Exit if the stock price closes above 41.0 (option price = 2.3).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 56%

Historical Volatility 71%: Delta .338: : Rating 82: Expected Val $14.40

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Buy TOLL BROTHERS (TOL) Sep 15 Put options at 0.6 or lower (Stock Price = 17.5). After entry, take profits if the stock price hits 15.4 (option price = 1.3). Exit if the stock price closes above 18.6 (option price = 0.4).

Probability of hitting Profit Goal 26%: Probability of hitting Stop Loss 55%

Historical Volatility 53%: Delta .222: : Rating 122: Expected Val $7.20

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Buy AETNA LIFE (AET) Sep 35 Put options at 1.0 or lower (Stock Price = 37.1). After entry, take profits if the stock price hits 34.4 (option price = 2.1). Exit if the stock price closes above 38.4 (option price = 0.7).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 49%

Historical Volatility 29%: Delta .305: : Rating 104: Expected Val $5.10

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Buy AMERICAN INTL GP (AIG) Sep 22.5 Put options at 1.7 or lower (Stock Price = 24.0). After entry, take profits if the stock price hits 20.6 (option price = 3.3). Exit if the stock price closes above 25.7 (option price = 1.2).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 53%

Historical Volatility 59%: Delta .352: : Rating 88: Expected Val $5.50

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Buy CIGNA (CI) Sep 30 Put options at 0.3 or lower (Stock Price = 34.3). After entry, take profits if the stock price hits 31.8 (option price = 0.8). Exit if the stock price closes above 35.5 (option price = 0.2).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 45%

Historical Volatility 29%: Delta .130: : Rating 146: Expected Val $5.00

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Buy TIME WARNER (TWX) Sep 12.5 Put options at 0.1 or lower (Stock Price = 13.9). After entry, take profits if the stock price hits 13.2 (option price = 0.2). Exit if the stock price closes above 14.3 (option price = 0.1).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 50%

Historical Volatility 24%: Delta .134: : Rating 155: Expected Val $2.10

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Buy FOUNDRY NET(FDRY) (FDR) Sep 10 Put options at 0.2 or lower (Stock Price = 11.5). After entry, take profits if the stock price hits 10.4 (option price = 0.5). Exit if the stock price closes above 12.1 (option price = 0.1).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 49%

Historical Volatility 34%: Delta .178: : Rating 85: Expected Val $-0.40

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Buy AMAZON.COM(AMZN) (AMZ) Sep 70 Put options at 4.5 or lower (Stock Price = 70.6). After entry, take profits if the stock price hits 63.5 (option price = 8.5). Exit if the stock price closes above 74.1 (option price = 3.1).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 51%

Historical Volatility 39%: Delta .446: : Rating 66: Expected Val $-7.40

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Buy BLACK DECKER (BDK) Sep 50 Put options at 0.8 or lower (Stock Price = 55.0). After entry, take profits if the stock price hits 51.0 (option price = 2.0). Exit if the stock price closes above 57.0 (option price = 0.5).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 46%

Historical Volatility 28%: Delta .199: : Rating 113: Expected Val $5.40

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Buy DISNEY (DIS) Sep 25 Put options at 0.1 or lower (Stock Price = 29.6). After entry, take profits if the stock price hits 27.5 (option price = 0.3). Exit if the stock price closes above 30.7 (option price = 0.0).

Probability of hitting Profit Goal 12%: Probability of hitting Stop Loss 44%

Historical Volatility 23%: Delta .063: : Rating 38: Expected Val $-2.00

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Buy MATTEL (MAT) Sep 15 Put options at 0.2 or lower (Stock Price = 17.4). After entry, take profits if the stock price hits 15.8 (option price = 0.6). Exit if the stock price closes above 18.2 (option price = 0.1).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 46%

Historical Volatility 34%: Delta .142: : Rating 118: Expected Val $1.40

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Buy TAKE-TWO SF(TTWO) (TTW) Sep 22.5 Put options at 0.2 or lower (Stock Price = 23.9). After entry, take profits if the stock price hits 22.9 (option price = 0.5). Exit if the stock price closes above 24.4 (option price = 0.1).

Probability of hitting Profit Goal 12%: Probability of hitting Stop Loss 41%

Historical Volatility 18%: Delta .195: : Rating 90: Expected Val $-0.50

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Buy ACTIVISION(ATVI) (ATV) Sep 30 Put options at 1.7 or lower (Stock Price = 30.1). After entry, take profits if the stock price hits 27.3 (option price = 3.3). Exit if the stock price closes above 31.5 (option price = 1.1).

Probability of hitting Profit Goal 14%: Probability of hitting Stop Loss 44%

Historical Volatility 33%: Delta .462: : Rating 79: Expected Val $-4.00

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Buy DEERE (DE) Sep 65 Put options at 2.8 or lower (Stock Price = 65.8). After entry, take profits if the stock price hits 61.1 (option price = 5.4). Exit if the stock price closes above 68.2 (option price = 1.9).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 45%

Historical Volatility 28%: Delta .436: : Rating 84: Expected Val $1.10

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Buy S&P 500 INDEX ($SP) Sep 250 Put options at 6.4 or lower (Stock Price = 253.4). After entry, take profits if the stock price hits 243.3 (option price = 11.6). Exit if the stock price closes above 258.5 (option price = 4.5).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 49%

Historical Volatility 18%: Delta .417: : Rating 69: Expected Val $0.50

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Buy S&P MIDCAP 400 ($MI) Sep 790 Put options at 26.0 or lower (Stock Price = 790.8). After entry, take profits if the stock price hits 759.2 (option price = 44.2). Exit if the stock price closes above 806.6 (option price = 19.2).

Probability of hitting Profit Goal 22%: Probability of hitting Stop Loss 50%

Historical Volatility 19%: Delta .478: : Rating -2: Expected Val $60.40

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Buy NASDAQ 100 INDEX ($ND) Sep 835 Put options at 28.7 or lower (Stock Price = 839.6). After entry, take profits if the stock price hits 795.9 (option price = 53.6). Exit if the stock price closes above 861.4 (option price = 19.9).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 45%

Historical Volatility 21%: Delta .458: : Rating -19: Expected Val $2.40

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Buy NASDAQ 100(QQQQ) (QQQ) Sep 45 Put options at 1.5 or lower (Stock Price = 45.3). After entry, take profits if the stock price hits 42.9 (option price = 2.8). Exit if the stock price closes above 46.5 (option price = 1.0).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 41%

Historical Volatility 21%: Delta .453: : Rating 94: Expected Val $1.60

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Buy CATEPILLAR (CAT) Sep 65 Put options at 2.4 or lower (Stock Price = 68.4). After entry, take profits if the stock price hits 62.1 (option price = 5.3). Exit if the stock price closes above 71.5 (option price = 1.5).

Probability of hitting Profit Goal 14%: Probability of hitting Stop Loss 44%

Historical Volatility 33%: Delta .336: : Rating 85: Expected Val $1.00

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Buy BRITISH POUND (FXB) Sep 195 Put options at 1.1 or lower (Stock Price = 197.5). After entry, take profits if the stock price hits 195.1 (option price = 2.0). Exit if the stock price closes above 198.7 (option price = 0.7).

Probability of hitting Profit Goal 9%: Probability of hitting Stop Loss 28%

Historical Volatility 6%: Delta .310: : Rating 87: Expected Val $-3.10

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Buy AMAX (AMX) Sep 50 Put options at 2.9 or lower (Stock Price = 50.6). After entry, take profits if the stock price hits 45.5 (option price = 5.8). Exit if the stock price closes above 53.1 (option price = 2.0).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 46%

Historical Volatility 37%: Delta .439: : Rating 82: Expected Val $2.10

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Buy ZEBRA TECH(ZBRA) (ZBR) Sep 30 Put options at 0.8 or lower (Stock Price = 31.1). After entry, take profits if the stock price hits 29.5 (option price = 1.5). Exit if the stock price closes above 31.9 (option price = 0.5).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 49%

Historical Volatility 23%: Delta .345: : Rating 88: Expected Val $-0.70

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Buy XTO ENERGY (XTO) Sep 60 Put options at 0.1 or lower (Stock Price = 63.5). After entry, take profits if the stock price hits 62.7 (option price = 0.2). Exit if the stock price closes above 63.9 (option price = 0.1).

Probability of hitting Profit Goal 31%: Probability of hitting Stop Loss 53%

Historical Volatility 10%: Delta .078: : Rating 190: Expected Val $3.10

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Buy VALERO (VLO) Sep 30 Put options at 1.1 or lower (Stock Price = 33.8). After entry, take profits if the stock price hits 30.1 (option price = 2.4). Exit if the stock price closes above 35.6 (option price = 0.7).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 52%

Historical Volatility 46%: Delta .245: : Rating 114: Expected Val $10.40

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Buy APACHE CORP (APA) Sep 120 Put options at 6.3 or lower (Stock Price = 122.4). After entry, take profits if the stock price hits 111.1 (option price = 12.4). Exit if the stock price closes above 128.0 (option price = 4.3).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 45%

Historical Volatility 35%: Delta .419: : Rating 74: Expected Val $13.70

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Buy FREEPORT MCMORAN (FCX) Sep 105 Put options at 5.5 or lower (Stock Price = 106.2). After entry, take profits if the stock price hits 96.4 (option price = 11.1). Exit if the stock price closes above 111.1 (option price = 3.7).

Probability of hitting Profit Goal 14%: Probability of hitting Stop Loss 45%

Historical Volatility 33%: Delta .440: : Rating 70: Expected Val $-2.60

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Buy DYNEGY (DYN) Sep 7.5 Put options at 0.2 or lower (Stock Price = 8.0). After entry, take profits if the stock price hits 7.4 (option price = 0.4). Exit if the stock price closes above 8.3 (option price = 0.1).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 49%

Historical Volatility 27%: Delta .287: : Rating 72: Expected Val $-1.30

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Buy SUN COMPANY (SUN) Sep 35 Put options at 2.2 or lower (Stock Price = 36.0). After entry, take profits if the stock price hits 32.1 (option price = 4.2). Exit if the stock price closes above 37.9 (option price = 1.5).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 52%

Historical Volatility 43%: Delta .404: : Rating 82: Expected Val $1.60

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Buy OCCIDENTAL PET (OXY) Sep 80 Put options at 2.8 or lower (Stock Price = 83.6). After entry, take profits if the stock price hits 77.6 (option price = 5.5). Exit if the stock price closes above 86.6 (option price = 1.9).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 51%

Historical Volatility 30%: Delta .346: : Rating 86: Expected Val $5.40

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Buy SCHLUMBERGER (SLB) Sep 95 Put options at 3.3 or lower (Stock Price = 99.2). After entry, take profits if the stock price hits 92.1 (option price = 6.6). Exit if the stock price closes above 102.8 (option price = 2.3).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 48%

Historical Volatility 30%: Delta .348: : Rating 93: Expected Val $14.70

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Buy ROWAN COS (RDC) Sep 40 Put options at 1.9 or lower (Stock Price = 41.9). After entry, take profits if the stock price hits 37.7 (option price = 3.9). Exit if the stock price closes above 44.0 (option price = 1.3).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 48%

Historical Volatility 38%: Delta .360: : Rating 95: Expected Val $7.20

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Buy BURLINGTON NORTH (BNI) Sep 95 Put options at 4.0 or lower (Stock Price = 96.1). After entry, take profits if the stock price hits 89.2 (option price = 7.9). Exit if the stock price closes above 99.6 (option price = 2.7).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 48%

Historical Volatility 27%: Delta .438: : Rating 74: Expected Val $-3.90

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Buy UNION PACIFIC (UNP) Sep 70 Put options at 2.6 or lower (Stock Price = 72.2). After entry, take profits if the stock price hits 67.0 (option price = 5.1). Exit if the stock price closes above 74.8 (option price = 1.7).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 48%

Historical Volatility 29%: Delta .379: : Rating 88: Expected Val $4.30

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Buy C S X (CSX) Sep 55 Put options at 1.4 or lower (Stock Price = 59.9). After entry, take profits if the stock price hits 54.4 (option price = 3.4). Exit if the stock price closes above 62.7 (option price = 0.8).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 42%

Historical Volatility 33%: Delta .253: : Rating 100: Expected Val $4.80

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Buy PENNY J C (JCP) Sep 30 Put options at 1.8 or lower (Stock Price = 31.9). After entry, take profits if the stock price hits 28.5 (option price = 3.4). Exit if the stock price closes above 33.6 (option price = 1.3).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 58%

Historical Volatility 49%: Delta .347: : Rating 98: Expected Val $11.00

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Buy NORDSTROM (JWN) Sep 25 Put options at 0.9 or lower (Stock Price = 28.5). After entry, take profits if the stock price hits 25.4 (option price = 1.9). Exit if the stock price closes above 30.0 (option price = 0.6).

Probability of hitting Profit Goal 22%: Probability of hitting Stop Loss 55%

Historical Volatility 48%: Delta .233: : Rating 102: Expected Val $5.50

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Buy HOME DEPOT (HD) Sep 20 Put options at 0.5 or lower (Stock Price = 21.9). After entry, take profits if the stock price hits 19.9 (option price = 1.2). Exit if the stock price closes above 22.9 (option price = 0.3).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 48%

Historical Volatility 34%: Delta .245: : Rating 88: Expected Val $-0.50

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Buy NIKE (NKE) Sep 55 Put options at 2.9 or lower (Stock Price = 55.7). After entry, take profits if the stock price hits 50.6 (option price = 5.8). Exit if the stock price closes above 58.3 (option price = 1.9).

Probability of hitting Profit Goal 14%: Probability of hitting Stop Loss 43%

Historical Volatility 33%: Delta .437: : Rating 79: Expected Val $-2.40

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Buy BEST BUY (BBY) Sep 35 Put options at 0.9 or lower (Stock Price = 38.6). After entry, take profits if the stock price hits 35.0 (option price = 2.2). Exit if the stock price closes above 40.4 (option price = 0.6).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 47%

Historical Volatility 37%: Delta .242: : Rating 121: Expected Val $10.60

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Buy AMAZON.COM(AMZN) (AMZ) Sep 70 Put options at 4.5 or lower (Stock Price = 70.6). After entry, take profits if the stock price hits 63.5 (option price = 8.5). Exit if the stock price closes above 74.1 (option price = 3.1).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 48%

Historical Volatility 39%: Delta .446: : Rating 73: Expected Val $0.80

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Buy WASH FED(WFSL) (WFS) Sep 15 Put options at 0.9 or lower (Stock Price = 15.4). After entry, take profits if the stock price hits 13.9 (option price = 1.7). Exit if the stock price closes above 16.2 (option price = 0.6).

Probability of hitting Profit Goal 22%: Probability of hitting Stop Loss 49%

Historical Volatility 41%: Delta .407: : Rating 97: Expected Val $2.90

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Buy APPLIED MAT(AMAT) (AMA) Sep 17.5 Put options at 0.6 or lower (Stock Price = 18.3). After entry, take profits if the stock price hits 17.0 (option price = 1.2). Exit if the stock price closes above 19.0 (option price = 0.4).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 49%

Historical Volatility 31%: Delta .344: : Rating 98: Expected Val $1.60

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Buy TEXAS INSTRMNT (TXN) Sep 25 Put options at 0.2 or lower (Stock Price = 27.3). After entry, take profits if the stock price hits 25.9 (option price = 0.5). Exit if the stock price closes above 28.0 (option price = 0.1).

Probability of hitting Profit Goal 14%: Probability of hitting Stop Loss 41%

Historical Volatility 21%: Delta .151: : Rating 99: Expected Val $0.10

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Buy XILINX (XLNX) (XLN) Sep 22.5 Put options at 0.6 or lower (Stock Price = 23.5). After entry, take profits if the stock price hits 21.8 (option price = 1.4). Exit if the stock price closes above 24.3 (option price = 0.4).

Probability of hitting Profit Goal 11%: Probability of hitting Stop Loss 43%

Historical Volatility 26%: Delta .328: : Rating 94: Expected Val $0.20

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Buy NVIDIA (NVDA) (NVD) Sep 10 Put options at 0.9 or lower (Stock Price = 11.8). After entry, take profits if the stock price hits 9.9 (option price = 1.6). Exit if the stock price closes above 12.7 (option price = 0.7).

Probability of hitting Profit Goal 33%: Probability of hitting Stop Loss 62%

Historical Volatility 84%: Delta .266: : Rating 110: Expected Val $10.70

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Buy RAMBUS(RMBS) (RMB) Sep 15 Put options at 0.6 or lower (Stock Price = 17.1). After entry, take profits if the stock price hits 15.0 (option price = 1.3). Exit if the stock price closes above 18.1 (option price = 0.4).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 54%

Historical Volatility 52%: Delta .241: : Rating 105: Expected Val $3.90

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Buy MICROSEMI (MSC) Sep 22.5 Put options at 1.3 or lower (Stock Price = 23.1). After entry, take profits if the stock price hits 20.8 (option price = 2.5). Exit if the stock price closes above 24.3 (option price = 0.9).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 51%

Historical Volatility 39%: Delta .406: : Rating 87: Expected Val $1.20

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Buy INTEL (INTC) (INT) Sep 20 Put options at 0.7 or lower (Stock Price = 20.6). After entry, take profits if the stock price hits 19.1 (option price = 1.4). Exit if the stock price closes above 21.3 (option price = 0.5).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 44%

Historical Volatility 27%: Delta .379: : Rating 102: Expected Val $2.40

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Buy AVNET (AVT) Sep 25 Put options at 1.4 or lower (Stock Price = 25.7). After entry, take profits if the stock price hits 23.1 (option price = 2.7). Exit if the stock price closes above 27.0 (option price = 1.0).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 47%

Historical Volatility 39%: Delta .402: : Rating 89: Expected Val $2.00

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Buy FEDERAL EXPRSS (FDX) Sep 75 Put options at 3.7 or lower (Stock Price = 75.2). After entry, take profits if the stock price hits 69.8 (option price = 6.8). Exit if the stock price closes above 77.9 (option price = 2.6).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 45%

Historical Volatility 29%: Delta .466: : Rating 87: Expected Val $9.40

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Buy NITED PARCEL SERVI (UPS) Sep 55 Put options at 1.1 or lower (Stock Price = 59.3). After entry, take profits if the stock price hits 55.0 (option price = 2.6). Exit if the stock price closes above 61.4 (option price = 0.7).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 45%

Historical Volatility 27%: Delta .245: : Rating 112: Expected Val $7.50

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Buy COMPUTER ASSO INTL (CA) Sep 20 Put options at 0.3 or lower (Stock Price = 22.4). After entry, take profits if the stock price hits 20.8 (option price = 0.7). Exit if the stock price closes above 23.2 (option price = 0.2).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 50%

Historical Volatility 28%: Delta .177: : Rating 123: Expected Val $3.00

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Buy BMC SOFTWARE(BMC) (BMC) Sep 35 Put options at 1.3 or lower (Stock Price = 36.2). After entry, take profits if the stock price hits 33.6 (option price = 2.6). Exit if the stock price closes above 37.5 (option price = 0.9).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 46%

Historical Volatility 30%: Delta .372: : Rating 100: Expected Val $5.00

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Buy MICROSOFT (MSFT) (MSF) Sep 25 Put options at 0.9 or lower (Stock Price = 25.5). After entry, take profits if the stock price hits 23.7 (option price = 1.9). Exit if the stock price closes above 26.4 (option price = 0.6).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 41%

Historical Volatility 26%: Delta .408: : Rating 95: Expected Val $0.70

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Buy U S STEEL (X) Sep 165 Put options at 14.3 or lower (Stock Price = 165.4). After entry, take profits if the stock price hits 145.6 (option price = 25.5). Exit if the stock price closes above 175.3 (option price = 10.3).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 56%

Historical Volatility 50%: Delta .452: : Rating 31: Expected Val $11.20

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Buy PETROLEO BRASIL (PBR) Sep 60 Put options at 3.9 or lower (Stock Price = 61.7). After entry, take profits if the stock price hits 55.0 (option price = 7.3). Exit if the stock price closes above 65.0 (option price = 2.7).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 53%

Historical Volatility 45%: Delta .405: : Rating 72: Expected Val $1.00

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Buy VERIZON (VZ) Sep 30 Put options at 0.2 or lower (Stock Price = 34.9). After entry, take profits if the stock price hits 32.4 (option price = 0.6). Exit if the stock price closes above 36.2 (option price = 0.1).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 46%

Historical Volatility 28%: Delta .095: : Rating 125: Expected Val $1.80

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Buy BROADCOM (BRCM) (BRC) Sep 30 Call options at 1.9 or lower (Stock Price = 27.7). After entry take profits if the stock price hits 31.6 (option price = 4.0). Exit if the stock price closes below 25.8 (option price = 1.2).

Probability of hitting Profit Goal 28%: Probability of hitting Stop Loss 46%

Historical Volatility 58%: Delta .426: : Rating 127: Expected Val $26.60

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Buy ELAN CORP (ELN) Sep 40 Call options at 2.5 or lower (Stock Price = 36.8). After entry take profits if the stock price hits 42.0 (option price = 5.2). Exit if the stock price closes below 34.2 (option price = 1.6).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 48%

Historical Volatility 58%: Delta .421: : Rating 110: Expected Val $24.30

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Buy BRISTOL MEYERS (BMY) Sep 22.5 Call options at 0.7 or lower (Stock Price = 21.5). After entry take profits if the stock price hits 23.0 (option price = 1.5). Exit if the stock price closes below 20.7 (option price = 0.4).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 44%

Historical Volatility 29%: Delta .386: : Rating 110: Expected Val $3.60

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Buy ASTRAZENECA (AZN) Sep 50 Call options at 1.8 or lower (Stock Price = 46.9). After entry take profits if the stock price hits 51.6 (option price = 4.1). Exit if the stock price closes below 44.6 (option price = 1.1).

Pro